Q2 2026 Bezeq Israeli Telecommunication Corp Ltd Earnings Call Transcript
Key Points
- Core revenues grew 4% to over ILS2 billion, with comp net profit up 38% in Q2 2026.
- Fiber subscribers increased 17% year-over-year, with take-up reaching 35% and over 3 million home passed.
- Pelephone's 5G subscriber plans grew 12% year-over-year, reaching 1.49 million, and 5G Max subscribers are on track to hit 300,000 by year-end.
- yes delivered its highest quarterly revenues since Q4 2018, with ARPU reaching a record ILS204.
- The company announced a dividend of ILS415 million and a new ILS100 million buyback, part of an ILS800 million multiyear program.
- Mobile ARPU declined 2.2% year-over-year to ILS45 due to war-related roaming revenue impact.
- Broadband revenue in Fixed-Line decreased 1.2% due to a Ministry of Communication wholesale tariff reduction.
- Net debt increased by ILS303 million to ILS5.2 billion in Q2.
- The company faces uncertainty from the government tender for telecom services, which may impact future results.
- Regulatory decisions on structural separation and other initiatives are delayed due to geopolitical and political backdrop.
Welcome, everyone, and thank you for joining us on Bezeq's second quarter earnings call. I am Yohai Benita, CFO of the Bezeq Group. Joining me today are Mr. Tomer Raved, Bezeq's Executive Chairman; Mr. Nir David, CEO of Bezeq Fixed-Line; and Mr. Ilan Sigal, CEO of Pelephone and yes.
Before we begin, please review the Safe Harbor statement on Slide 2 of our presentation, which applies to any statement made during today's call. Following our prepared remarks, we will open the call for Q&A. With that said, let me now turn the call over to Tomer for his opening remarks. After his introduction, I will continue the presentation of our group's financial highlights, followed by Nir, who will discuss the Bezeq Fixed-Line results; and Ilan, who will cover the results from Pelephone and yes.
I will conclude the presentation with Bezeq International results. Tomer?
Thank you, Yohai. I'm glad
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